35 Union St - Apartments FOR SALE


New London, CT 06320
$13,000,000 USD
860-508-2102
35 Union St, New London, CT for Sale
$13,000,000 USD
Apartments - FOR SALE
1/39
null | 5.8% Cap Rate

35 Union St
New London, CT 06320


HIGHLIGHTS

  • Rare opportunity to own The Crocker House a landmark mixed-use investment prop anchoring the corner of Union & State Streets in downtown New London
  • 81 residential apartments (studios, one- and two-bedroom units), 7 ground-floor commercial spaces, and a beautifully restored Grand Ballroom.
  • The property is also minutes from General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer, and Connecticut College.

OVERVIEW

Rare opportunity to own The Crocker House, a landmark mixed-use investment property anchoring the corner of Union and State Streets in downtown New London. Originally constructed in 1872 as a five-story luxury hotel and thoughtfully maintained over the years, this iconic red-brick building offers three distinct income streams under one roof: 81 residential apartments (studios, one- and two-bedroom units), 7 ground-floor commercial spaces, and a beautifully restored Grand Ballroom. Recent improvements include updated kitchens, modern flooring, elevator service to all floors, and convenient on-site laundry facilities on every level. Select upper-floor apartments offer sweeping views of the Thames River and downtown harbor. Ideally situated just steps from Union Station (Amtrak and Shore Line East), the waterfront, and City Pier, the property is also minutes from General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer, and Connecticut College. Located within the historic downtown district of New London, The Crocker House represents a true trophy asset blending diversified income, long-term investment stability, and irreplaceable historic character in one of southeastern Connecticut's most recognizable buildings.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

81

PRICE/UNIT

$160,494

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crocker House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1873

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

CBD1

APN/PARCEL ID

NLON-000028-000143-000001

ASK ABOUT THIS PROPERTY

Lisa CozziThe Cozzi TeamMore Info
860-508-2102

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Lisa CozziThe Cozzi TeamMore Info
860-508-2102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.